Sempra Energy (SRE) Soars 1.65% on Morgan Stanley Upgrade
1min read Sempra Energy (SRE) shares surged 1.65% today, marking the third consecutive day of gains, with a total increase of 5.76% over the past three days. The stock price reached its highest level since February 2025, with an intraday gain of 1.98%.
Morgan Stanley recently revised its price target for sempra energy from $86 to $89, while maintaining an Overweight rating on the shares. This adjustment is part of a broader revision of price targets for Regulated & Diversified Utilities / IPPs in North America. The firm's positive outlook on Sempra Energy reflects its confidence in the company's long-term growth prospects and strategic initiatives.
Investors are also closely watching Sempra Energy's upcoming Q1 2025 earnings report, which is expected to show a decrease in adjusted EPS by 6.7% to $1.25. This anticipated decline in earnings may influence investor sentiment and could lead to some volatility in the stock price. However, the company's strong fundamentals and strategic investments in renewable energy and infrastructure projects are likely to mitigate any short-term concerns.
Sempra Energy's recent performance and positive analyst outlook suggest that the company is well-positioned to continue delivering value to shareholders. The company's focus on sustainable energy solutions and its robust pipeline of projects are expected to drive long-term growth and profitability. As such, investors may view any short-term fluctuations in the stock price as buying opportunities, given the company's strong fundamentals and positive outlook.
